AT&T completes $85 billion Time Warner acquisition

AT&T completes $85 billion Time Warner acquisition

AT&T first announced these plans back in October 2016, and soon after, was faced with a tremendous about of backlash from all sectors. The company most recently spent six weeks in court to determine if the acquisition violated any antitrust laws, but Judge Richard Leon told AT&T it could move forward soon.

Judge Richard Leon says that the acquisition doesn’t violate any laws, and in response to the government asking Leon to put down his ruling to potentially kill the purchase.

With AT&T and Time Warner joining forces, the two companies claim they’ll be able to better compete with the likes of Google, Amazon, Netflix, Facebook, and others. Both the companies will offer better-targeted ads to their customers, and as a result of all this, it’s expected that prices will be lowered at some point.

Chairman and CEO of AT&T, Randall Stephenson said that the content and creative talent at Warner Bros., HBO and Turner are first-rate. Combine all the AT&T’s strengths in direct-to-consumer distribution, and they offer customers a differentiated, high-quality, mobile-first entertainment experience. They are going to bring a fresh approach to how the media and entertainment industry works for consumers, content creators, distributors and advertisers.